The single-story building was constructed in 1920, records show. The sale joins a number of commercial properties on Washington Avenue that have sold recently.

In March, the Waldorf Building, at 1334 Washington Avenue, sold for $6.2 million, six times its last sale price in 1993. Also in March, a pair of New York real estate investors purchased a Miami Beach hostel at 235 Washington Avenue for $8.28 million.

The Miami Beach Land Use and Development Committee recently approved a series of wide proposals designed to breathe new life into Washington Avenue. The proposals, which will be forwarded to the Miami Beach Planning Board for its June 23rd meeting, include raising height limits for buildings on Washington Avenue from 50 feet to 55 feet, widening sidewalks, adding bike lanes and even closing down one lane of traffic along much of the avenue to allow parklets — parking spaces converted to temporary patios for outdoor dining.

“The City of Miami Beach has been discussing increasing the buildable square footage to the east side of Washington Avenue,” Issenberg said in a statement. “The city’s plan is to attract new hospitality developments, which in turn will continue driving retail rates northward.”